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Sheridan Company has just purchased equipment that requires annual payments of $55000 to be paid at the end of each of the next 5 years.

Sheridan Company has just purchased equipment that requires annual payments of $55000 to be paid at the end of each of the next 5 years. The appropriate discount rate is 15% What is the present value of the payments? $220305 $184369 5230170 $117145

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